I like to think that as a parent I have passed on a wealth of knowledge and experience, setting my children up to thrive as adults, make sound choices etc etc.
In reality it’s likely that the only thing they will remember is my rule of ‘second crappest’.
(Probably because of the catchy title.)
The rule of second crappest is a simple yet effective one. Whenever you are looking to make a purchase or choice of some kind you simply go for the second crappest. In Tesco looking for baked beans? You don’t want to buy the super cheap ones where they can’t even be bothered to use coloured labels, but there’s no need to splash out on Heinz unless it’s your birthday or something, so instead you plump for the Tesco own brand. Second crappest.
Although I’ve always done it, it became a proper thing when Bee started shopping on her own. She would text me from the shops:
‘Which pasta should I buy?’ she’d ask.
‘I don’t know, whichever you want!’ I’d reply. (Patiently.)
‘But there are so many!’
‘Just get the second crappest.’
And there it is. View Post
Today I’m reviewing Leetchi, an online money collection website. It’s dead handy – well worth a read.
On more than one occasion during my working life I’ve found myself in that awkward situation known as the ‘present collection’.
It goes something like this:
An envelope and a card are working their way around the office. It’s a collection for someone in accounts that you’ve only met a couple of times. You want to contribute but when you look in your purse you realise you only have seven pence or a ten pound note. Obviously you’re not putting the note in – you barely know the woman and besides, no one hears the note go in, so you won’t get the kudos.
So, do you:
A) Just pretend to put cash in and rattle the envelope a bit to make a noise
B) Put in the seven pence to be seen to be adding something and hope that no one sees the actual coins
C) Just casually sign the card and pass it on
Of course there is the option to say that you don’t have any cash on you and add some later, but how feasible is that? Normally in this sort of situation the envelope has just appeared on your desk and no one really knows where it came from or where it’s going to end up. It just sorts of travels mysteriously from desk to desk until suddenly Janice has a new baby bouncer to take on maternity leave. No one really understands how.
A new online tool – Leetchi.com – just made this awkward money collection thing a whole lot easier. View Post
Remember Jon from The Money Shed? He wrote me that piece about matched betting and about earning money from home? Well, he’s here again today. (He keeps pestering me, so what can I do?) One of his forum veterans is running a 30 money making bootcamp, teaching you how to make money online from home – ideal if you’ve overspent at Christmas and want to recoup a little cash. It’s all legit. He’s a good chap. If you do take part, do let me know how you get on!
Do you like money? Of course you do! Who doesn’t?! With Christmas right around the corner most people have money at the forefront of their minds. Now that I have got your attention I am going to tell you how you can make £1,000 extra online EVERY SINGLE MONTH. There are 1000s of people out there who are already bringing home a huge side income from online moneymaking websites.
Just to point out for anyone that doesn’t know The Money Shed has been going for 3+ years and is a HUGE resource for people on the UK as we help people gain financial freedom and get themselves out of debt in ways they never thought possible!
Over on my forum, The Money Shed, there is going to be a 30 DAY MONEY MAKING BOOTCAMP STARTING ON JANUARY 3RD 2017!! One of our moderators veteran moneymakers, Katykicker, is going to be hosting the MONEYMAKING BOOTCAMP. Katy regularly earns £1000s online EVERY SINGLE MONTH AND IS GOING TO SHOW YOU HOW TO DO EXACTLY THAT!! Being full-time self-employed since 2013 has allowed Katy to explore a number of ways to make and save money online – and she wants to share her knowledge with you. Best of all this 30 day moneymaking bootcamp is going to be COMPLETELY FREE! View Post
Sponsored by American Express and Nectar
How many loyalty cards do you have in your purse?
Go on, I’ll wait a minute while you have a count.
Yes, I thought it might be about that.
Now have another look and tell me how many of them you use in a way that really maximises their value. Do you know all the best ways to collect points and how to get the most benefit from them?
Well no, me neither really.
Although I have a purse full of plastic, my relationship with loyalty programmes has generally been quite passive – just collecting points without thinking about how I could be using them most effectively. It reminds me a bit of a game I used to play with my friend Nicky when we must have been around 19 years old. We’d go to the pub, and we’d get all the cards from our wallets and compare them in a big square. I know, we were crazy. I think there was something about having lots of important looking cards that made us feel grown up.
I have been challenged by American Express® and Nectar to think about loyalty programmes differently. Your wallet full of cards could actually be working much harder for you, helping you to earn rewards through your everyday spending. If your next supermarket shop could help you to get a family meal out, well, that has to be a good thing doesn’t it? View Post
You may remember that a week or so ago I had a play with the Aviva Shape my Future tool to get a prediction of my income on retirement, given my current situation and pension contributions. Have a look now if you don’t remember. (Or if you enjoyed it so much you want to read it again.)
The conclusion was pretty straightforward – save more now, or spend less as a pensioner. Not exactly a win win situation is it? In a bid to encourage me that the first of the two options would probably be the most sensible, Aviva challenged me to live for seven days on my predicted pension of £318 a week. Easy peasy you might think, that’s not a bad income really. Consider though the fact that I don’t actually own my own house, and you can see that it is going to disappear very quickly indeed.
Have a quick go now on the Shape my Future tool to work out what your predicted pension is and let me know whether or not you think you could live on it!
Until about four hours ago, I thought I had my pension situation relatively sorted.
I’ve always signed up for work pension schemes, and when I went on maternity leave with Belle, aged 24, (me not Belle), I also set up a personal stakeholder pension plan, which I’ve been paying into ever since. I’ve recently had a bit of a pension spring clean, put everything into one big nice pot, and upped my personal contributions dramatically to £300 a month. My pension fund at the moment is worth about £60,000, which in my head is a massive amount of money.
So when Aviva challenged me to live on my predicted pension for a week, I thought it would be easy peasy.
Turns out that in the world of pensions, £60,000 is not a terribly large amount of money at all, as I discovered after doing a few sums on the Aviva Shape my Future tool.
Doing some realistic calculations about the sort of lifestyle I’d currently be able to afford on retirement has been a massive eye-opener. I’d always imagined that retirement would be a bit like having a day off work, but every single day. You know how sometimes you get a day off in the week with your partner, while the children are at school, so you go out somewhere nice for lunch, maybe have a mooch around some shops, or go for a stroll and a piece of cake at a local National Trust property? That’s what I imagine retirement will be like every day. Plus maybe a spot of light gardening, because obviously by the time I retire I will know all the Latin names for plants. (I don’t know how this happens, but older people always seem to know them, so I’m assuming it will just pop into my head at some point?)
Oh, and the odd cruise around the Norwegian fjords.
To give you an idea, I created a little mood board for my retirement. View Post